Homes & Apartments for Rent in 60070

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What to Know About

Life in Prospect Heights & Beyond

Prospect Heights shares many of the great qualities that make Illinois a desirable place to live.

Illinois is known for its rich cultural heritage, lively urban centers, and beautiful countryside landscapes. Explore the state's cultural heritage by visiting renowned museums such as the Lincoln Presidential Library and Museum, the Field Museum of Natural History, the Museum of Science and Industry, and the Art Institute of Chicago. The state also has a thriving theater and art scene, including the renowned Steppenwolf Theatre Company in Chicago. Illinois is also home to respected universities like the University of Illinois at Urbana-Champaign and Northwestern University.

Outdoor enthusiasts will love the scenic beauty of the Shawnee National Forest and the adventure-filled trails of the Starved Rock State Park. Sports fans will be in their element in Illinois, cheering on the Chicago Bears (NFL), Chicago Blackhawks (NHL), Chicago Cubs (MLB), Chicago White Sox (MLB), and Chicago Bulls (NBA). Experience famous attractions like the Willis Tower, Navy Pier, and the Lincoln Park Zoo. Also, enjoy the musicals and plays at Broadway-in-Chicago, festivals throughout the summer months, and culinary tours of the local restaurants.

With its vibrant cultural scene, exciting entertainment options, and top-notch educational opportunities, Illinois offers a high quality of life, making it a great place to live.

Rental Market Trends

Prospect Heights, IL

As of June 2026, Prospect Heights's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Prospect Heights's average rent is 1.7% ($29) higher than the Illinois average of $1,694 and 4.1% ($74) lower than the U.S. average of $1,797.

Average Rent
$1,723
Monthly ChangeMonth Over Month Change
Increased2.5% ($42)
Yearly ChangeYear Over Year Change
Decreased15% ($304)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,517 Increased1.5% ($23) Increased3.5% ($52)
2 Beds $1,858 Increased0.9% ($16) Decreased1.5% ($29)
3 Beds $2,214 Increased7.2% ($149) Increased4.4% ($93)
Nearby Cities Average Rent Avg. Rent vs. Prospect HeightsAverage Rent vs. Prospect Heights Avg. Days on MarketAverage Days on Market
Wheeling $2,056 Increased19.3% ($333) 29 days
Mount Prospect $2,681 Increased55.6% ($958) 30 days
Arlington Heights $2,032 Increased17.9% ($309) 30 days
Buffalo Grove $2,372 Increased37.7% ($649) 30 days
Northbrook $2,810 Increased63.1% ($1087) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Prospect Heights Rental Market FAQs

Explore rental prices, market trends, and availability in Prospect Heights, IL.

The average rent in Prospect Heights, IL is $1,723 per month.
Homes in Prospect Heights typically rent for between $1,062 and $2,878 per month, with an average of $1,723 per month.
In Prospect Heights, the average rent for a 1-bedroom home is $1,517 per month, for a 2-bedroom home, $1,858 per month, and a 3-bedroom home is $2,214 per month.
The average rent in Prospect Heights is 4.1% ($74) lower than the national average of $1,797 per month.
The average rent in Prospect Heights has increased by 2.5% ($42) in the last month and decreased by 15.0% ($304) over the past year.
The rental market in Prospect Heights, IL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Prospect Heights, IL, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 3 rental properties available in Prospect Heights, IL.
Based on the current averages, a household would need an annual income of $74,320 to comfortably afford a 2-bedroom home in Prospect Heights.
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